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How not to support Start-ups

There are several problems with these policies:

a) unless we decide to invest in student ideas when they are still students, that is, they r in their colleges and not when they join incubators, we will miss a lot of good ideas,

b) in situ incubation is the future, off site residential incubator framework is passe

c) we should not talk too much about how much share will be obtained by whom at at early stage, instead focus should be to provide an easy to handle helpful platform for taking one’s ideas forward, eventually, a stage will come when students will like to discuss how to go forward, at that stage discuss the respective stakes,

D) we need an online ecosystem ( see sif.sristi.org a n experimental platform) for collaboration, co-creation and co-sharing the ideas, e-commerce can also be integrated there

e) Unless government learns to be humble, flexible, amenable to openness and transparency, how will transaction costs go donw

this fund of 10k cr will work only when 90 per cent is investe din start ups and rest in sme

else it will be carry forward of same old fund that was proposed by NInc under sma PItroda when i failed to convince them to open it to very early stage start -ups
what a tragedy then it will be

karnataka must also learn lessons in this regard, the technical university is not taking steps to give a boost to early stage ventures yet, maybe things will change if corruption can be controlled, greater transparency can be brought and concerns of young innovators can be given importance
a

“only 12 early-stage investments worth $22 million in agribusiness start-ups since 2010, compared to 695 investments valued at nearly $2 billion in information technology”

http://articles.economictimes.indiatimes.com/2014-07-19/news/51744701_1_karnataka-government-it-bt-startups-initiative

Read more at:

http://economictimes.indiatimes.com/articleshow/38693362.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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